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US factory orders rebound on strong demand for aircraft
Reuters
WASHINGTON New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector. The Commerce Department said on Tuesday new orders for ..


Shire Seeks to Cajole Baxalta Into Talks With $30 Billion Offer
Bloomberg
Shire Plc made an unsolicited offer to buy one-month-old Baxalta Inc. for about $30 billion in stock to bolster its focus on rare diseases, a move that may fend off larger drugmakers looking at its own assets for a tax break. Shire offered shareholders ...


Pimco says SEC probing its total return exchange-traded fund
USA TODAY
The Securities and Exchange Commission's staff has recommended filing a civil action against Pacific Investment Management Company's Total Return Active Exchange-Traded Fund (BOND), the bond investment giant said Monday night. The SEC issued a ..


Freddie Mac to hand $3.9 bln to US Treasury
Reuters
WASHINGTON Aug 4 Government-controlled mortgage finance firm Freddie Mac on Tuesday said big gains in its loan guarantee business and its investment portfolio will allow it to cut a check to the U.S. Treasury for $3.9 billion. Freddie Mac reported a ..


Alpha Natural Resources Once a Coal Giant files for protection under Chapter ...
Times Gazette
Alpha Natural Resources that was once renowned as the powerhouse of American coal industry has now filed for bankruptcy protection under Chapter 11 on Monday so that it gets relief from a $3 billion debt, particularly with utilities switching to ...


Stocks little changed at the open; oil prices recover some
USA TODAY
Stocks were slightly higher in early trading Tuesday as the Dow was attempting to break a three-day losing streak and oil prices recovered slightly following Monday's 3.8% drop. The Dow Jones industrial average was up 0.1% and the Standard & Poor's 500 ..


GM to invest $877 million to overhaul Flint, Michigan, truck plant
Reuters
DETROIT General Motors Co (GM.N) said on Tuesday it will spend $877 million to overhaul its pickup truck factory in Flint, Michigan, capping a series of investments to keep production of profitable large pickups and sport utility vehicles rolling ...


Big = better as SUVs boost US sales
Independent Online
Detroit - Carmakers reported strong US sales in July, boosted by SUVs, as the industry benefited again from lower petrol prices and a steadily improving US economy. The biggest US car company, General Motors, said July sales surged six percent from a ..
Alibaba Group Names Michael Evans as President
Wall Street Journal
Canada is on the verge of a recession
CNNMoney

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